150,000 Shares in Fluence Energy, Inc. (NASDAQ:FLNC) Bought by Arosa Capital Management LP

Arosa Capital Management LP bought a new stake in Fluence Energy, Inc. (NASDAQ:FLNC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $2,382,000. Fluence Energy accounts for about 1.0% of Arosa Capital Management LP’s holdings, making the stock its 21st biggest position. Arosa Capital Management LP owned 0.08% of Fluence Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FLNC. Sanders Morris Harris LLC acquired a new position in Fluence Energy in the fourth quarter valued at about $812,000. Cidel Asset Management Inc. acquired a new stake in Fluence Energy during the 4th quarter worth approximately $350,000. SG Americas Securities LLC lifted its position in Fluence Energy by 79.2% in the 4th quarter. SG Americas Securities LLC now owns 48,883 shares of the company’s stock valued at $776,000 after acquiring an additional 21,597 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Fluence Energy in the fourth quarter valued at about $1,429,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Fluence Energy during the third quarter worth about $5,742,000. Institutional investors own 53.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Robert W. Baird reduced their price target on Fluence Energy from $9.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, April 15th. Canaccord Genuity Group reduced their price objective on shares of Fluence Energy from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on Fluence Energy from $26.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley set a $4.00 price objective on Fluence Energy in a report on Wednesday. Finally, Jefferies Financial Group downgraded shares of Fluence Energy from a “buy” rating to a “hold” rating and lowered their target price for the stock from $22.00 to $15.00 in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $10.95.

Insiders Place Their Bets

In related news, Director Herman E. Bulls purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were bought at an average cost of $5.41 per share, with a total value of $54,100.00. Following the acquisition, the director now owns 115,861 shares of the company’s stock, valued at $626,808.01. This trade represents a 9.45 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Julian Nebreda purchased 23,500 shares of the stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $6.35 per share, with a total value of $149,225.00. Following the completion of the acquisition, the chief executive officer now directly owns 120,455 shares of the company’s stock, valued at approximately $764,889.25. This represents a 24.24 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 79,000 shares of company stock worth $499,665 over the last three months. Insiders own 0.65% of the company’s stock.

Fluence Energy Stock Up 6.9 %

Shares of FLNC opened at $4.18 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74. Fluence Energy, Inc. has a 12 month low of $3.46 and a 12 month high of $26.12. The firm’s 50 day moving average is $4.96 and its 200-day moving average is $12.85. The stock has a market capitalization of $758.87 million, a PE ratio of -83.60 and a beta of 2.48.

Fluence Energy (NASDAQ:FLNC) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. Equities research analysts forecast that Fluence Energy, Inc. will post 0.08 EPS for the current year.

About Fluence Energy

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.